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The IBA’s response to the situation in Ukraine
30 Oct - 4 Nov 2022
Rooms 230-231, Level 2
Monday 31 October (1115 - 1230)
Taxes Committee
(Lead)
Recurring initiatives in multiple jurisdictions to amend the taxation of partnerships leads to opportunities and risks for the industry. This applies to sponsors, investors, and the vehicles themselves facilitating or obstructing cross-border investments. Different approaches for how to tax carried interest are in place in the countries of sponsors. Is the pressure on policymakers behind the preferred treatment of sponsor return as capital gain, rather than as ordinary income, the same in all countries? And for investors: pension and retirement funds, sovereign funds, individuals, and corporate treasuries? What about the promoting entity jurisdiction, will source countries respect the look-through nature of investment vehicles and tax investors accordingly? The anti-hybrid rules should give answers, but often cause more confusion and complexity.
Brenda Coleman | Ropes & Gray, London, England |
Ron Nardini | Vinson & Elkins, New York, New York, USA |
Robert Gaut | Proskauer, London, England |
Thierry Lesage | Arendt & Medernach, Luxembourg City, Luxembourg |
Yuval Navot | Herzog, Tel Aviv, Israel |
David Weisner | Brown Brothers Harriman, Boston, Massachusetts, USA |